I’m under contract on a new construction home (closing in ~2 months) and comparing Tomo vs Sage (via Robinhood Gold). Looking for feedback before locking.

Scenario

• Purchase price: ~$540k
• 20% down
• Loan amount: ~$430k
• 30-year fixed
• Need a 60-day lock

Lender 1: Tomo

• Rate: 5.625%
• APR: ~5.67%
• Points: ~0.35% (~$1.5k)
• No underwriting/processing fees listed
• Monthly P&I: ~$2,475
• Lock: 30 days (60-day costs extra)

Lender 2: Sage (Robinhood Gold)

Option A – No Points

• Rate: 6.075%
• APR: ~6.14%
• ~$1,000 lender credit
• +$500 Robinhood credit
• Monthly P&I: ~$2,600

Option B – Buy Down

• Rate: 5.45%
• APR: ~5.57%
• Points: ~0.7% (~$3k)
• $500 Robinhood credit
• Net lender fees after credit: ~$2.5k
• Monthly P&I: ~$2,428

Comparison

Monthly difference:

• Sage 5.45% saves ~$45–$50/month vs Tomo.

Upfront difference:

• ~$1k more upfront vs Tomo (depending on final credits).

Break-even:

• ~$1,000 ÷ ~$47/month → ~21–24 months.

If I keep the mortgage longer than ~2 years, the Sage 5.45% buy-down appears to win financially.

Anything I’m missing in this comparison?